Tesoro Corp. VP Unloads $715,000 in Stock (TSO)
Tesoro Corp. (NYSE:TSO) VP Arlen O. Glenewinkel unloaded 11,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $65.00, for a total transaction of $715,000.00. Following the completion of the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at approximately $2,132,650. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Tesoro Corp. (NYSE:TSO) traded down 0.23% during mid-day trading on Tuesday, hitting $64.76. The stock had a trading volume of 1,714,974 shares. Tesoro Corp. has a 52 week low of $40.90 and a 52 week high of $65.31. The stock has a 50-day moving average of $61.00 and a 200-day moving average of $55.69. The company has a market cap of $8.373 billion and a P/E ratio of 22.09.
Tesoro Corp. (NYSE:TSO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.70 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.82 by $0.12. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $9.78 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Analysts expect that Tesoro Corp. will post $4.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a positive change from Tesoro Corp.’s previous quarterly dividend of $0.25.
Separately, analysts at Credit Suisse raised their price target on shares of Tesoro Corp. from $65.00 to $75.00 in a research note on Friday, August 1st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.11.
Tesoro Corporation (NYSE:TSO) is an independent petroleum refiners and marketers in the United States.
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